Feb
5
Grupo Financiero Galicia S.A. (NASDAQ:GGAL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday, MarketBeat reports. The firm presently has a $31.00 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 11.11% from the stock’s previous close.
According to Zacks, “Grupo Financiero Galicia SA. is involved in the Financial Services Industry. Their principal activity is to continue to be a financial and investment services holding company and to fulfill the banking services activities of Banco Galicia. “
A number of hedge funds have made changes to their positions in the stock. Shell Asset Management Co. acquired a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at about $1,589,000. Bienville Capital Management LLC raised its stake in shares of Grupo Financiero Galicia by 12.7% in the fourth quarter. Bienville Capital Management LLC now owns 785,713 shares of the company’s stock valued at $21,277,000 after buying an additional 88,622 shares during the period. Russell Frank Co raised its stake in shares of Grupo Financiero Galicia by 23.6% in the fourth quarter. Russell Frank Co now owns 311,898 shares of the company’s stock valued at $8,389,000 after buying an additional 59,617 shares during the period. Deltec Asset Management LLC raised its stake in shares of Grupo Financiero Galicia by 400.4% in the fourth quarter. Deltec Asset Management LLC now owns 68,269 shares of the company’s stock valued at $1,849,000 after buying an additional 54,625 shares during the period. Finally, EQIS Capital Management acquired a new stake in shares of Grupo Financiero Galicia during the fourth quarter valued at about $260,000.
Shares of Grupo Financiero Galicia (NASDAQ:GGAL) traded down 0.18% during trading on Friday, reaching $27.85. 307,365 shares of the company were exchanged. The company has a market capitalization of $3.62 billion and a price-to-earnings ratio of 12.84. The stock’s 50 day moving average is $25.95 and its 200 day moving average is $22.60. Grupo Financiero Galicia has a 1-year low of $15.30 and a 1-year high of $29.25.
Grupo Financiero Galicia SA (NASDAQ:GGAL) is a financial services holding company. Banco de Galicia y Buenos Aires SA (Banco Galicia) is the Company’s largest subsidiary. Banco Galicia is a bank that provides, directly or through its subsidiaries, a range of financial products and services to large corporations, small and medium sized companies (SMEs), and individuals.
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